Plansmith Blog

Is Compass Advanced Coaching Right For You?

Posted by Karen How on 1/24/19 12:22 PM

As Plansmith’s Director of Client Education, I’m often asked which continuing education programs should I attend and why? 

One of my favorite courses that I always recommend is our Compass Advanced Coaching event. Don’t let the title scare you, it’s a great fit for a wide variety of experience levels.

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How to excel without Excel

Posted by Brett Hendricks on 1/15/19 9:17 AM

One of the most common calls we take at Plansmith is from a bank or credit union looking to improve their entire budgeting, forecasting and board reporting process. While the organizations vary greatly in size, and the person calling is sometimes the president and other times a financial analyst – most often they all have one thing in common: “I’m currently using Excel.”

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Another Great Year

Posted by Craig Hartman on 12/28/18 11:44 AM

Another great year has gone by, the stock market notwithstanding. With the number of banks and credit unions continuing to shrink, the cream is rising to the top. The quality of the remaining institutions is getting better.

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Influential Women in Business 2018

Posted by Sue West on 12/7/18 1:50 PM

Having tried my best to avoid ‘labels’ of all types, I seldom bring attention to achievements that are gender associated. However, the good work of others is something that should always be recognized. Male or female, it is always important to acknowledge role models that inspire.

In recognition of their hard work and dedication, Plansmith would like to congratulate this year’s 2018 Influential Women In Business Honorees, including our client, Jean Theis, EVP and COO of Andigo CU.

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Do It Yourself CECL

Posted by Jim Groark on 11/30/18 3:32 PM

Over the past 20 years I’ve experienced the usual ups and downs of home ownership. A leaky roof, a flooded basement, as well as the two-week bathroom remodel that turned into an eight-week job. I’ve seen it all. At first, I tried to tackle many home projects on my own. I soon discovered that I was a pretty good painter and a really bad plumber. After I accidentally caused an upstairs toilet to leak into the family room ceiling, I resolved to get help from a trusted plumber that had the proper tools and know-how to get any plumbing job done right.

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On Thanksgiving...

Posted by Sue West on 11/15/18 9:49 AM

For those of you who are fans of the sitcom Seinfeld, George Costanza would break down this word into its two components: thanks and giving.

How many times in our daily lives do we say “thanks"? A lot! It’s our common, casual, and pretty standard way to end each email, text, and verbal conversation. I’m not saying that it isn’t heartfelt. I’m just saying that this time of year - and this particular holiday - give us a chance to pause and appreciate each other. And, maybe more importantly, pay more attention when someone offers us a thank you.

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The Real Reasons to Outsource Your IRR

Posted by Dave Wicklund on 10/4/18 9:15 AM

As you grow, your organization has more and more things to manage.

  • Strategically, you’re working to find the right markets to penetrate with the ideal products and services.
  • Financially, you’re making sure your earnings are meeting or exceeding targets.
  • And organizationally, you’re looking for the right talent to expand and grow.

One thing you can’t ignore is the role Interest Rate Risk plays in the banking industry today.

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Compass 2-Day Event: September 2018

Posted by Jennifer Mello on 10/1/18 10:59 AM

"It was a very informative two days. It was also helpful to learn different ways to navigate through the tabs and fields in the Compass program."
 

We had nine bankers in our office last Thursday and Friday attending our first 2-day event, and what a success it was! We had a great group ranging from new clients, new users, and more established veterans, banks from $240 MM to $1.6 B in assets, men and women from diverse backgrounds, traveling in from near and far. The group was excited to share thoughts and ideas, and interested in ways we can help them enhance their understanding of the planning concepts and models.

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Client Success Stories: Those Who Inspire Us

Posted by Sue West on 9/14/18 2:04 PM

Too often when we’re asked why we do what we do, we naturally default to talking about ourselves.

The truth is, it’s the people we work with every day that inspire us to do what we do.

Our clients make their own success. Their ambition, discipline, commitment, and transparency bind every person throughout their organization to a common goal. There are so many of these success stories, we wanted to highlight several noted in recent banking publications.

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Planning for Change: A Lesson from Charles Darwin

Posted by Bill Peck on 9/14/18 12:33 PM

“It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.”

- (Not) Charles Darwin

It’s true.

Although this is a pretty great quote, Darwin never actually said it. It was an attempt by Dr. Leon C. Megginson, Louisiana State University Professor of Management and Marketing, to capture the essence of Darwin’s seminal “On the Origin of Species” for a 1963 speech to the Southwestern Social Science Association. The text of the speech was subsequently published in the Association’s quarterly journal, and the rest is quote-misattribution history.

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